$100,000 Price Reduction | Year 1 Over 6%CAP Marcus & Millichap is pleased to offer for sale 2077 Key Boulevard, a (4) 2BD/1BA + (1) Vacant 1BD/1BA apartment building located in El Cerrito, just two blocks from the Del Norte BART Station. Nestled along the tree lined Key Boulevard, this 3,514 Sq. Ft, 1959 asset is comprised of 4 X two-bedroom, one-bathroom units. All four units provide an approximate 850 square feet of living space each. The units feature updated kitchen cabinets, countertops, and in-unit washer/dryer. The bottom two units include patios while the top two units have balconies with partial views. In addition, the property will be delivered with a vacant 1 X one-bedroom, one bathroom non-conforming bonus unit. The property also features two garages that can be used for parking or storage. With in-place that are approximately 25% below market rate, there is potential to optimize returns upon unit turnover for an asset exempt from rent control.
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Listing information last updated on October 15th, 2019 at 2:34pm PDT.